April Sales on LBI

Dated: 05/01/2011

Views: 4664

For the month of April there were 25 single-family homes sold on Long Beach Island. The average sale price was $1,012,462 with homes selling for an average of 92.8% of their asking price. On average, homes spent 134 days on the market. April tends to be a fairly active sales month as a purchase in the March-May time frame will still allow buyers to make changes and renovations to their new home before summer and/or allow some time on the rental market if that is the new owners intention. The fact that there are currently 44 homes under contract helps demonstrate this trend. The LBI rental market has also shown a substantial amount of activity with most agencies on LBI reporting that rentals are higher this year than the past few years. Overall, more homes are on the rental market and more weeks have been rented than last year so this kind of activity always helps both the LBI real estate market and the LBI economy as a whole. As I am writing this update I am listening to the news on CNN that reports Osama Bin Laden is confirmed to have been killed. We should all take a moment to remember the brave sacrifice made by so many of our men and women serving overseas and rejoice in their successful efforts to defend our nation. God Bless America!
Blog author image

Nathan Colmer

LBI Office 12800 Long Beach Blvd Beach Haven Terrace NJ 08008 I have lived on LBI my entire life and am actually the 4th generation in my family to do so. This have given me a deep knowledge base ....

Latest Blog Posts

Town Wide Yard Sale In Surf City

Saturday, September 5, from 8:00 am to 6:00 pm marks the day and time of the next Surf City town wide yard sale.........you can get a printed list of all the participating homes by going to www

Read More

Buying A Tear Down Home Or Building Lot On Long Beach Island New Jersey

There are very few empty building lots left on Long Beach Island; in today's market, the majority of new construction on LBI occurs when an older home is purchased as a teardown, then replaced with

Read More

Is A Brand New Construction LBI Long Beach Island Home Right For You

Do you want a home that you have helped design that fits your family's needs? Perhaps having an energy efficiency home to reduce cost is why you want to do this? How about having an instant equity

Read More

Buyers Are Waiving Contingencies To Sweeten Their Offers

what do you think about this?The pandemic and high unemployment rate haven't slowed the housing market. With home buyers facing heightened competition this summer for a limited number of homes for

Read More